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if you can get an exclusive contract to train detroit and chicago on a particular vail road line, you were able to maintain that line at a much cheaper cost and instead of having to use rose, having tedious bushwhacker the country. and by establishing this exclusive right-of-way railroads, they got very cheap telegraph service. the telegraph companies got the rights of way. by establishing those arrangements and usual contractual agreements that the courts are reluctant to challenge in congress was reluctant to challenge, although it did, by doing that he was able to get around the limitations that state lawmakers had placed on telegraph companies to the antenna not really telegraph us. and those laws had been enacted as a response to morris. so you have morris who fails because of the estate primetime monopoly luscombe is simply succeeds by ingeniously using the affair was to create the kind of monopolies the state has. >> are there any comparisons today for rice to at&t in broadband and cell towers et cetera? pasco here's the comparison that intrigues me. congress enacted a law open
if you can get an exclusive contract to train detroit and chicago on a particular vail road line, you were able to maintain that line at a much cheaper cost and instead of having to use rose, having tedious bushwhacker the country. and by establishing this exclusive right-of-way railroads, they got very cheap telegraph service. the telegraph companies got the rights of way. by establishing those arrangements and usual contractual agreements that the courts are reluctant to challenge in congress...
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Sep 7, 2012
09/12
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there had been a resurgence in ottawa jobs thanks to the bailout of detroit but now we're seeing a slowdn. >> even if these are caused by things that are happening abroad, that is not much help to the why house. >> no although it is interesting, i think this is going to be an unusual election. it has been already in the sense the economy has not been more of a headwinds for their president. any other era, you could not have an economy this bad and consumer confidence this low and still have an incumbent neck in neck with his rival. that is because the voters know they are more savvy about the economy. these problems are coming from abroad and they see the issue as the shrinking middle class and they do not see a romney as a guide beckon six that with his cayman island accounts. >> the one area where we might get relief is from the federal reserve. ben bernanke was prepared to do more to help the economy but getting back to your point about the era, that is a short term fix. >> absolutely. if you look at the history of quantitative easing, the first blast had an effect on the markets. the
there had been a resurgence in ottawa jobs thanks to the bailout of detroit but now we're seeing a slowdn. >> even if these are caused by things that are happening abroad, that is not much help to the why house. >> no although it is interesting, i think this is going to be an unusual election. it has been already in the sense the economy has not been more of a headwinds for their president. any other era, you could not have an economy this bad and consumer confidence this low and...
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Sep 7, 2012
09/12
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so you can get an exclusive contract, say between detroit and chicago, along a particular railroad line, you are able to maintain that line at a much cheaper cost than your arrival having to use roads or having to just bushwhack the open country. and by establishing those exclusive right-of-way, railroads got very cheap telegraph service. telegraph companies have the rights of way. by establishing those arrangements, unusual contractual arrangements which the courts were reluctant to challenge, and congress was reluctant to challenge, by doing that he was able to get around the limitations that state lawmakers have place on telegraph companies to the anti-monopoly laws. and those laws have been enacted as a response to morse. so you morse who fails, the state anti-monopoly laws, did he succeed by using the railroads to create the kind of monopolies -- >> are there any comparisons today for rise in an at&t and broadband and cell towers, et cetera? >> here's the comparison that really gets me. in 1996 congress enacted a law, open up competition. in local telecommunications have been opene
so you can get an exclusive contract, say between detroit and chicago, along a particular railroad line, you are able to maintain that line at a much cheaper cost than your arrival having to use roads or having to just bushwhack the open country. and by establishing those exclusive right-of-way, railroads got very cheap telegraph service. telegraph companies have the rights of way. by establishing those arrangements, unusual contractual arrangements which the courts were reluctant to challenge,...
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detroit, cincinnati, indianapolis, louisville, nashville, memphis, little rock, all involved in that storm. south of that line will be heat today. dallas, 103 again. five states have heat warnings, watches or advisories out. it's just one of those things to keep an eye on. and some of the states will drop about 20 degrees with the passing of the front. 80 degrees in l.a. and san diego today. we'll explain why we're in san diego later in the show. >> all right. >> all right. >>> coming up on "gma," a verdict in the drew peterson trial. the former policeman found guilty of killing his third wife. >>> and glitz and glam from pop's biggest night. ♪ third wife. >>> and glitz and glam from pop's biggest night. ♪ so twiddly-tee twiddly-dum ♪ look out baby 'cause here i come ♪ ♪ and i'm bringing you a love that's true ♪ ♪ so get ready ♪ so get ready maybmaybe you can't.re; when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a mayb
detroit, cincinnati, indianapolis, louisville, nashville, memphis, little rock, all involved in that storm. south of that line will be heat today. dallas, 103 again. five states have heat warnings, watches or advisories out. it's just one of those things to keep an eye on. and some of the states will drop about 20 degrees with the passing of the front. 80 degrees in l.a. and san diego today. we'll explain why we're in san diego later in the show. >> all right. >> all right....
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Sep 7, 2012
09/12
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i've met workers in detroit and toledo who feared they would never build another american car, and today they can't build them fast enough because we reinvented a dying auto industry that's back on top of the world. i've worked with business leaders who are bringing jobs back to america. not because our workers make less pay, but because we make better products. but because we work harder and smarter than anyone else. i sign trade agreements that are helping our companies sell more goods to millions of customers. goods that are stamped with three proud words, made in america. [ applause ] >> usa! usa! >> and after a decade of decline, this country created over half a million manufacturing jobs in the last 2 1/2 years. and now you have a choice. we can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that create new jobs here in the united states of america. we can help big factories and small businesses double their exports. and if we choose this path we can create a million new manufacturing jobs in the next four years. you can make that
i've met workers in detroit and toledo who feared they would never build another american car, and today they can't build them fast enough because we reinvented a dying auto industry that's back on top of the world. i've worked with business leaders who are bringing jobs back to america. not because our workers make less pay, but because we make better products. but because we work harder and smarter than anyone else. i sign trade agreements that are helping our companies sell more goods to...
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let detroit go bankrupt. now sure, sure, mitt romney loves our lakes and our trees. he loves our cars so much they even have their own elevator. but the people who design and build and sell those cars, well, in romney's world the cars get the elevator and the workers get the shaft. [ cheers and applause ] you know what i'm say in'. mitt romney, he says, he says that his business experience qualifies him to be president. sure, he's made a lot of money. good for him. good for him. or maybe i should say good for him. but how did he make that fortune? and at whose expense? you know too often he made it at the expense of middle class americans year after year. it was profit profit before peo. but president obama with the auto rescue, you know, he saved more than 1 million american jobs, but it wasn't just michigan! hey, hey, hey, it wasn't just michigan, my friends. in colorado the auto rescue saved more than 9,000 jobs. in virginia, virginia! more than 19,000 jobs. in north carolina 25,000 jobs. in wisconsin, wisconsin, 28,000 jobs. in pennsylvania, 34,000 jobs. in flori
let detroit go bankrupt. now sure, sure, mitt romney loves our lakes and our trees. he loves our cars so much they even have their own elevator. but the people who design and build and sell those cars, well, in romney's world the cars get the elevator and the workers get the shaft. [ cheers and applause ] you know what i'm say in'. mitt romney, he says, he says that his business experience qualifies him to be president. sure, he's made a lot of money. good for him. good for him. or maybe i...